 鲜花( 14)  鸡蛋( 8)
|
A real estate expert believes the new mortgage rules that went into effect Monday will hit Alberta's market the hardest.% w* m% K! ?; K" d
% Y |# z/ r9 Q7 H4 [1 o; S
The changes are meant to make it tougher for buyers to qualify if they put less than 20 per cent down.
9 v* B& N f3 t8 C% Y0 Y5 c
$ N9 H3 \" m2 z. y8 `6 `Prior to today, an Alberta family with a household income of $80,000 would likely have qualified for a $400,000 home but now they will be approved for a $320,000 home.5 r0 i+ p ~3 o
* J/ i. J t& _5 l/ ^' O
First-time buyers, single-income earners take biggest hit with new mortgage rules
2 b& ~" Z! O4 {% S! N. SCMHC to issue 1st 'red' warning on Canadian housing market5 K. O2 M. n7 P! [- H- ]
Mortgage specialist Peter Kinch says under the new rules, affected buyers have about 20 percent less purchasing power which will put a downward pressure on the Canadian real estate market but he says the impact will be even greater in Alberta, where the slumping economy is already hurting house sales and prices.
' d3 O" B9 |; k- O( y4 [
7 n5 m$ T) e3 R* c6 C ?2 M9 y"In a real estate market that's struggling to recover already, it could have a very negative impact on that market," Kinch said.# G4 f7 l& e8 R$ {$ H
) T0 \2 ]' a* N9 ^! W4 c' VWait and see what happens
, j8 R4 D1 E& ~
8 @& G ^% i5 ONatalie Whitney and her young family say that's what they're banking on so they've just decided to put their house hunting on hold.7 P2 U P6 p. [7 J( d5 q
# y" ~0 L# v* ?"It could be advantageous for us to wait and just see what happens to the market in six months," she said.
% G! d7 v- T2 _6 k) u$ ?" o- |' r. l# ^/ c5 f8 q
The Canada Mortgage and Housing Corp. issued its first ever "red" warning on Monday, referring to real estate affordability issues spreading beyond Vancouver and Toronto.
- c4 y l& |6 V8 n# C! L% h0 ?* }1 _+ b5 L( j
"These factors will be reflected in our forthcoming Housing Market Assessment on Oct. 26. They will cause us to issue our first "red" warning for the Canadian housing market as a whole," CEO Evan Siddall wrote in a Globe and Mail column.- y) Q- U( g: H1 g' @
! b' d/ G) ^9 P4 g% O4 q
Kinch says for buyers who can't wait, they'll either need to come up with a bigger down payment or lower their expectations about what they can afford. |
|
狗仔卡
发表于 2016-10-18 09:11
提升卡
置顶卡
沉默卡
喧嚣卡
变色卡
显身卡
楼主
